Solana
Altcoins Surge based on Solana! What’s next for MEW and HIGH tokens?
With the increased price volatility in the cryptocurrency market, major tokens have shown significant price action in their respective portfolios since the start of the week. Additionally, the Bitcoin Pricecontinues to maintain its price above the $71,000 mark, indicating strong bullish sentiment.
Additionally, Solana-based tokens have regained momentum by adding massive valuations to their portfolios over the past few days. Amid growing bullish influence, will altcoins Cat in a Dogs World (MEW) and Highstreet (HIGH) outperform top tokens this month?
Cat in a World of Dogs (MEW) Price Analysis:
The MEW token added 37.72% over the past day and 43.19% over the past seven days. Additionally, the memecoin’s valuation has surged 66.54% since its inception, highlighting the altcoin’s bullish outlook in the coming weeks.
TradingView: MEW/USDT
The SMA is constantly supporting the price chart on a 4-hour time frame, suggesting a positive influence for the MEW crypto in the market.
The MACD technical indicator is showing a significant rise, indicating increased buying-on-selling pressure in the crypto space. Additionally, the averages show a bullish rise, highlighting that the Cat in a Dogs World token will continue to rise in the coming period.
If the market continues to move in a bullish sentiment, MEW price will prepare to test its upper resistance level of $0.00700. Conversely, bearish price action could pull MEW coin price towards its lower support level of $0.004655.
Highstreet Price on the verge of a major breakout:
Highstreet (HIGH) price is up approximately 27% over the past day and 19.50% over the past week. Additionally, the altcoin has seen a 2x increase in the last 30 days and has a year-to-date return (YTD) of 410%, indicating the growing investor interest in it.
TradingView: HIGH/USDT
With a trading price of $7,995, a circulating supply of 50,365,992 HIGH tokens, and a market capitalization of $420.63 million, Highstreet crypto has secured the 186th position on the global crypto market list. currencies.
The Relative Strength Index (RSI) is recording a strong bullish trend in its chart, breaking through the overbought range, indicating a bullish reversal in the crypto space. Additionally, the average is showing an upward curve, which suggests that the price will continue to gain value in the coming times.
If the market holds Highstreet price above the $8 support level, the bulls will regain momentum and prepare to test its upper $10 resistance level over the coming weeks. However, a bearish reversal could pull the price HIGH towards its lower support level of $6 this month.